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Something big is brewing behind the scenes on $DEGO .
It’s been a painful ride down for months, but look at that massive wick from the 0.248 bottom. We just saw a huge spike up to 0.395 before settling back around 0.348. This is the first time in a long while that the bulls actually showed up with some real volume.
The daily candle is trying to break out of that long-term downtrend structure. If we can close above 0.35 and hold it, the next major resistance is way up near 0.39. But if this was just a "fake out" to trap late buyers, we might see it bleed back to the 0.28 support level.
The order book is currently leaning 60% towards the buy side, so there is some interest here. I’m watching to see if we get a higher low on the next dip.
#USIranTensionsImpactMarkets